EMEA Base Oi Price Report 29.06.21
Base oil markets around the Europe, Middle East and Africa regions are witnessing extraordinary events at the moment, with supplies drying up and prices maintained at all-time highs.
However, there are pockets of supply where refiners are desperate to move product due to lack of local or regional demand. Such is the case in Turkey where the local refinery in Izmir is having to participate in export markets to move inventory. This is the case where local demand has collapsed for the API Group I grades available from this source.